Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida

Annualized expected growth from Q3 2012 – Q3 2017: -0.2 percent

Home prices in the Fort Lauderdale-Pompano Beach-Deerfield Beach metro area have fallen 46.1 percent since their Q2 2006 peak.

The median home price is $220,000, above the national median of $178,200. It has a median family income is $60,600, below the national median of $63,800. The metro area has a population of about 1.8 million and an unemployment rate of 6.9 percent.

By itself, the raw data *may* be correct, but the interpretation is utterly wrong, as I have often observed with C/S-data (I’m a local broker with 22 years in my own office – modernsouthflorida.com).

There are many market segments in both counties which are experiencing hefty (if not unhealthy) selling price increases. 2012 saw +23 percent selling prices in Broward county and +12 percent in Miami-Dade, for single family homes (source: SEF-MLS). If you drill further down into segments, increases are even higher, e.g. for SFH under $500,000 or for Miami Bay-front homes.

Case/Shiller is a bit like a navigation system: ok when you’re from out of town, but it always looses against local knowledge.